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India Bags World’s Biggest CFL Deal

In an effort to prevent 40 million tonnes of carbon from entering the atmosphere, India bagged the world’s largest carbon credit project that will help replace 400 million incandescent light bulbs with energy saving CFL bulbs, and that too at dirt-cheap prices, in a year. The project will allow the government, investors, discoms and CFL manufacturers to sell CFLs at Rs 15 each, instead of the current rate of Rs 100, reports The Times Of India.